Fintech company DeFi Technologies has raised concerns about potential market manipulation following the release of a report that caused its stock prices to plummet. The report, published earlier this week, claimed that DeFi Technologies’ stock price increases were solely due to marketing efforts. Following its publication, the company lost nearly…
Shares of diamond mining company Diamcor Mining fell sharply on Tuesday, June 18, on the Canadian exchange and in over-the-counter trading in New York, continuing to decline on June 19 in Frankfurt. The company announced it had extended the closing of the second tranche of its private placement, from which…
June 11, 2024, is a date that BioSig Technologies shareholders, a developer of heart signal interpretation technology, will long remember. Nasdaq announced that it would delist its shares from the main listing effective June 12. Following this announcement, the company’s market capitalization plummeted by 70% in just a few hours.…
Over the past year, insiders of IES Holdings, a designer and installer of integrated systems, sold more than $150 million worth of company shares and did not purchase any, according to analysts at Simply Wall St. They warn that this could be a red flag. IES Holdings’ stock has been…
Shares of Sonoma Pharmaceuticals, a manufacturer of products for humans and animals, rose nearly 20% in after-hours trading on June 17. The company published its annual report for the fiscal year ending March 31, 2024, just before the close of trading. Details During regular trading on Nasdaq on Monday, June…
Shares of CNS Pharmaceuticals, a developer of treatments for brain cancer, surged more than 22% at the opening of trading on Monday. This follows a roughly 23% drop on Friday, June 14, when the company announced an agreement with private investors to sell $1.37 million worth of shares. Details On…
Shares of La Rosa Holdings, which offers brokerage and related services in the real estate sector, soared by more than 75%. The company decided to cancel its additional stock issue, which aimed to sell up to 19% of its increased authorized capital. Details La Rosa’s shares surged by 75.9% to…
Shares of Equillium, a pharmaceutical company valued at $27.7 million, surged over 10% on Thursday, June 13, following the announcement of its upcoming inclusion in the Russell Microcap Index starting July 1. Details On Thursday, Equillium’s stock price increased by 10.5% on the Nasdaq, closing at $0.79 per share. However,…
Shares of NewLake Capital Partners, a real estate firm specializing in properties for licensed cannabis producers, rose by 2% on Thursday, June 13. The company announced that it would pay a dividend of $0.43 per share for the second quarter of 2024. Details NewLake Capital Partners’ stock price increased by…
Shares of Intelligent Bio Solutions, whose technology enables drug testing through fingerprints, rose more than 13% on Wednesday, June 12. The company announced a new contract with a European provider of transportation and infrastructure solutions. Details Intelligent Bio Solutions (INBS) shares on Nasdaq rose by over 13% on Wednesday, June…
Shares of the Hong Kong-based ready-made meal provider, DayDayCook, skyrocketed nearly 200% during trading on June 12th in New York.The company unveiled its acquisition of the Asian food brand, Omsom, earlier that day. Details DDC’s stocks saw a nearly 200% surge by the close of Wednesday’s session, reaching $1.54 per…
The stock price of La Rosa Holdings, which provides brokerage and related services in the real estate sector, fell nearly 4% in premarket trading on June 12. After the market closed the previous day, the company announced it might sell up to 19% of its increased share capital to investors.…
Shares of the mining company Contango ORE, which has a market capitalization of $189.17 million, plummeted more than 21% during trading on Tuesday, June 11. The company announced a $15 million secondary offering that day, during which shares would be available at a discount. Details Contango ORE, a company engaged…
The story of the Swedish seller of snus and nicotine pouches, Haypp Group, began in 2009 in a garage in southern Stockholm. Two 19-year-old friends, Henrik Nordström and Linus Liljegren, were avid consumers of snus, but were disappointed with the assortment available in local stores. So they decided to take…
According to a survey by Freedom Broker, analysts have lowered the target share price for Kazakhtelecom by 8.2%, from $95.70 to $87.85. This estimation is based on the operator’s latest quarterly report, which experts have read as moderately negative. Despite this, analysts recommend investors hold the stock as its price…
The slowdown of inflation in the US is boosting the attractiveness of investing in small and mid-cap mid-cap companies in the American market. Despite their valuations being incomparable to market leaders, such companies offer huge opportunities for investors. Recent data from the US Department of Labor has encouraged investors: job…
People are keen to trust people in uniforms. In the age of artificial intelligence and fake images, it might be too dangerous. Nikolai Legkodimov, a tech expert, shares his thoughts about these risks in his op-ed. Near the home stadium of the German football club “Union”, famous among other things…
The Consumer Confidence Index (CCI) has been gradually declining since early January after active growth in late 2023. It is still in the positive zone, though. Inflation is also slowing down, which is why Kazakhstanis less often report price increases looking back to last year and last month. They’ve also…
Following the start of trading with Air Astana’s stocks on the KASE and AIX, the airline has summarized the results of its initial public offering (IPO). According to the company, the total number of orders for the stock surpassed its supply, thanks to the support of Kazakhstani and international investors.…
Freedom Finance Global is going to provide investors an opportunity to acquire stocks and global depository receipts (GDR) of Air Astana on the AIX and London Stock Exchange (LSE) before the start of the standard trading session scheduled on February 15, according to a press release by the AIX. Premarket…
Nearly 220 years ago, in January 1802, a heinous crime was committed in London. A certain George Forster murdered his wife and child, discarding their bodies in a canal. While Forster’s conflicts with his wife were well-known, it was the immediate discovery of her body contrasted with the three-day search…
Even though Jusan Invest’s analysts described the last production report by Kazatomprom as «fundamentally negative,» they have recommended buying the stocks as their price can surge by 40%. The authors of the report have set the target price for Kazatomprom’s stock at $62.40 with the recommendation «to buy,» although they…
The Ministry of National Economy has added Mobile Telecom Service LLC to the list of entities that must be transferred to the private sector before 2025. Mobile Telecom runs two mobile operators, Tele2 and Altel, and belongs to Kazakhtelecom. The corresponding adjustments in the document were published on the legalacts.egov.kz…
Independent examination by Morgan, Lewis & Bockius LLP and Forensic Risk Alliance has proven that accusations against Freedom Holding Corp. presented in a report by Hindenburg Research were false, according to a press release by the holding. The legal firm Morgan, Lewis & Bockius was established in the U.S. in…
